Online home furnishings retailer Wayfair IPO raised $350 million


on August 16th, aol homeware retailers Wayfire announced on Friday, the company plans to IPO (initial public offering) issued class A common stock, and raised $350 million.

the boston-based company owns flash sales site Joss & Main STudio, modern household Dwell STudio and Birch Lane, totaling more than 700 products.

the company’s shareholders include ‘Ventures, HarbourVest Partners and Great Hill Partners, etc.

Wayfair was founded in 2002, formerly called CSN Stores. The company in a filing with the securities and exchange commission (SEC) file, said they plan to in the nyse listing, stock trading code for the “W”. But did not disclose the specific number of stocks and shares.

the company plans to use the proceeds to investments and acquisitions. Goldman sachs (171.9, 0.83, 0.48%), bank of America merrill lynch, citigroup, Allen & Co will be chief underwriters of the IPO.

there are reports that in January Wayfaire valuations to raise $150 million for $2 billion.

there are reports that Wayfair within the fiscal year ending December 31 to achieve revenue of $915.8 million, up 52% from a year earlier, the net loss from $21 million to $15.5 million.

need to emphasize that the data is usually given in the early years of the IPO financing in order to calculate registration fees, the financing scale may be different. (dinghong)

source: sina science and technology